Minnesota Statutes § 336.9-318 - 336.9-318 NO INTEREST RETAINED IN RIGHT TO PAYMENT THAT IS SOLD; RIGHTS AND TITLE OF SELLER OF ACCOUNT OR CHATTEL PAPER WITH RESPECT TO CREDITORS AND PURCHASERS. — United States — Minnesota law | Esheria

Minnesota Statutes § 336.9-318 - 336.9-318 NO INTEREST RETAINED IN RIGHT TO PAYMENT THAT IS SOLD; RIGHTS AND TITLE OF SELLER OF ACCOUNT OR CHATTEL PAPER WITH RESPECT TO CREDITORS AND PURCHASERS.

A debtor who sells certain payment-related property does not keep a legal or equitable interest in it, and if the buyer’s security interest is unperfected, the debtor is treated as having rights and title for certain creditor and purchaser determinations.

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United States — Minnesota
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Language
en
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accounts receivable collateral creditor rights purchaser rights

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